Envision Healthcare division acquires Phoenix Physicians Envision Healthcare Holdings announced its EmCare division has entered into a definitive agreement to acquire Phoenix Physicians. The deal is expected to add an estimated $125M in revenues and approximately 800,000 patient encounters annually. The acquisition is expected to close within the next two weeks pending completion of certain closing conditions.
BofA/Merrill healthcare high yield analyst has analyst/industry conference call Healthcare High Yield Analyst Bland provides an update on the current state of the bond markets and the ability of healthcare providers to utilize debt financing on an Analyst/Industry conference call to be held on March 24 at 10 am.
Envision Healthcare price target raised to $47 from $40 at Jefferies Jefferies raised its price target for Envision Healthcare shares to $47 and elevated the stock to a Top 5 Pick saying the recent exit of the company's private equity sponsor has eliminated a long-standing overhang. The firm also believes acquisition opportunities in physician services could drive EBITDA and share upside between now and year-end. It keeps a Buy rating on Envision.